Table 17-9 Only Two Firms, Acme and Pinnacle, Sell a Particular Product

question 180

Multiple Choice

Table 17-9
Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost.

-Refer to Table 17-9.Acme and Pinnacle agree to maximize joint profits.However,while Acme produces the agreed upon amount,Pinnacle breaks the agreement and produces 100 more than agreed,how much profit does Pinnacle make?

• A) $10,000
• B) $9,000
• C) $8,750
• D) $7500

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